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The Results of Statistical Research of the Activities of the World’s Largest Gold Mining Companies

https://doi.org/10.26794/2408-9303-2017--3-83-89

Abstract

The article presents the main results of statistical research activities of the world’s largest gold mining companies, such as the capitalization of the largest gold producers; revenue growth campaigns in 2016 due to the increase in the price of gold; the focus on the maintaining of the current production levels and the increase in production while maintaining reserves at a stable level; the stability of the sectoral investment demand; depletion of deposits with a high gold content in the ore; the low level of investment in the development of new deposits, with the growth in average costs per ounce of extracted metal and reduced prices margins; lower costs for exploration and engineering activities; a steady decline in expenditure on technical re-equipment and development of new deposits, increasing the production volumes of the precious metal; the decline trend in industry capital expenditures.

About the Authors

ALEXANDER E. Suglobov
Financial University
Russian Federation


ЯРОСЛАВ Vorontsov
Alliance for Mining Co. Ltd
Russian Federation


References

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Review

For citations:


Suglobov A.E., Vorontsov  The Results of Statistical Research of the Activities of the World’s Largest Gold Mining Companies. Accounting. Analysis. Auditing. 2017;(3):83-89. (In Russ.) https://doi.org/10.26794/2408-9303-2017--3-83-89

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ISSN 2408-9303 (Print)
ISSN 2619-130X (Online)